The local stock market initially rose on the back of strong US equities but dipped after failing to hold its ground above the 7,000 level. The main index shed 15.4 points, or 0.22 percent, to close at 6,958.01, with sectoral indices equally split. Volume was weaker at 1.27 billion shares worth...
The Philippine government, through a proposal from the Department of Energy (DoE), will be seeking P10 billion worth of funding to bankroll energy efficiency initiatives being mandated for state-run entities. In an interview with reporters, Energy Undersecretary Felix William B. Fuentebella...
The government allotted around P114 billion to the 2025 budget of the Pantawid Pamilyang Pilipino Program (4Ps) under the Department of Social Welfare and Development (DSWD). In a statement, Budget Secretary Amenah F. Pangandaman said this figure is an increase of about eight percent from P106.35...
The local stock market ended with a marginal gain after failing to breach the 7,000 resistance level. The main index added 11.45 points or 0.16 percent to close at 6,973.41 although only the Property and Mining counters managed to advance. A total of 831 million shares worth P6.8 billion changed...
Many cooperatives that borrowed from the Development Bank of the Philippines (DBP) have struggled to meet their obligations under the public utility vehicle (PUV) modernization program, the bank's chief executive said. During a Senate budget hearing on Tuesday, Aug. 27, Michael de Jesus, DBP...
Ayala-led ACEN Corporation and its offshore partner firm PT Barito Renewables Energy Tbk (Barito Renewables) are poised to accelerate the commercial development of wind farm projects with 320-megawatt aggregate capacity across three project-sites in Indonesia. In a statement to the media, the...
With additional revenues to be drawn from geothermal assets that are coming on commercial stream, Lopez-led First Gen Corporation is expecting overall profit boost this year, according to a top executive of the company. First President and COO Francis Giles B. Puno indicated that at least 83...
While many Philippine corporates are just riding the green energy wave with empty rhetoric and some have been merely using "net zero pledges" as superficial propaganda tool in their business playbook, the genuinely serious ones are promising to re-assess commitments with concrete baselines and...
The financial returns for college graduates have decreased in recent years, according to a study by the Philippine Institute for Development Studies (PIDS). In a policy note titled “Returns to Education in the Philippines (2005–2022): Declining Benefits, Increased Inequities,” PIDS...
KIDAPAWAN CITY – The Mindanao Development Authority is planning to hold high-level discussions with local government officials in Central Mindanao to address the perennial flooding and beef up disaster preparations in the region. Engr. Ian Dalisay, project manager of the Mindanao River Basin...
The local stock market recovered the previous day’s loss and resumed climbing as investors hope for signs of a September cut by the US Federal Reserve. The main index added 61.34 points or 0.89 percent to close at 6,961.96 as Banks surged while the Property and Mining counters were in the...
The Social Security System (SSS) and the Department of Social Welfare and Development (DSWD) have signed an agreement to enhance social protection for beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps). SSS President and Chief Executive Officer Rolando Ledesma Macasaet and DSWD...
